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Managing Your Money

Anyone who plans to start a home business in the US needs to be well aware of the financial aspects of running a business. Additionally, some budding entrepreneurs will want to try to get start up capital for their home business. These topics help you understand financial issues you'll face in starting your business and point you to potential solutions.

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Getting Advice and Training

Doing what you love to do is important to your home business success. But if you don't already have all of the knowledge or skills you need to start and run the home business you dream of, your chances of success are not very good. Here are some resources you can use to help you learn what you need to know and some tips for avoiding business education scams, the number of which seem to grow continually.
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Getting Ideas for Your Business


Information on real life home-based businesses can be very helpful for getting ideas when you want to start a home business of your own. While showcasing these home businesses is not intended as an endorsement of the likelihood or success for any business venture, they can serve to stimulate your thinking about the type of home business you might want to start.

Overcoming Obstacles


What you need to do and know before your attempt to start a home business. Starting a home business is not for everyone, but the proper preparation before you get started will go along way to improving your chances for business success.  read more

Get Your Home Business

Get Your Home Business Up and Running - Or Not!
By Randy Duermyer, About.com Guide to Home Business

Not everyone is cut out to own and operate a home business. This section will help you decide if you are cut out for the home based business lifestyle. You'll also find a number of home business ideas if you're not sure what kind of business you want to start. Additionally, tips, advice and resources for planning for your startup as well as information on what you need to do to get ready to open your doors for business are provided. The failure rate of new small businesses is high, but being fully prepared for the road ahead will greatly improve your chances for success and help make your dream a reality.  read more

A Great Home Office - From Dream to Reality

3 Steps to an Awesome Home Office
By , About.com Guide

Once you’ve decided to start a home business, have secured a work from home job, or have decided it’s time to stop working at the kitchen table, you’ll need a place you can use as your home office.

With proper planning and some old-fashioned common sense, you can create a home office work environment where you can thrive while still projecting a professional image for your home business or work from home job.
The idea of planning and setting up a home office, or expanding or improving the space you already use as a home office, may seem daunting at first, but if done in an orderly process, happily working at home in a great home office space can be accomplished as easy as 1-2-3.
That brings me to the three basic steps to take your home office from a dream to reality:
  1. Plan for Your Home Office Needs
  2. Design Your Home Office Work Space
  3. Set up Your Home Office and Get to Work
A Great Home Office Starts with a Plan
We’ve all heard the expression, “If you fail to plan, you should plan to fail.” That’s very true with many things in life, including setting up a home office.
Whether your home office work area is going to be a room of its own, an area in your basement, attic or garage, or even in a closet, properly planning the space that will act as your home office will save you considerable time, money and aggravation in the end. And, it will result in making your home office space all it can be.
You’ll need to understand both the tasks you’ll need to get your work accomplished as well as the environment in which those tasks can best be performed. Planning will give you a much better picture of how big of a budget you’ll need for your home office and where that budget will best be spent.

10 Steps Before Starting a Small or Home Business

Step 1: Decide What Products or Services Your Small Business will Offer

The first of the steps to starting a small business is to carefully consider these questions:
  • What do you have to offer?
  • What makes you an expert?
  • Do you have all of the education and skills you'll need to compete successfully in the marketplace or will you need to do some brushing up or retraining first?
  • Does the product or service meet a need?
  • Is this a seasonal product or service, or can you market it all year long?
  • How sensitive is marketing this product or service to general economic conditions? When the economy is weak, how do you think your business will be affected?
  • Will you be energized by going through the steps to starting this particular small business - is it something you'll love to do or sell - or are you just going through the motions of starting a small business to try to make some money?
The saying, "Do what you love, love what you do" should not be taken lightly. Your business is going to be your livelihood - you should have a good time doing it. If not, it will be difficult to get motivated at times.
If you are excited about your business, your customers will notice and it will be easier to get them excited, too. Plus, completing the steps to starting your small business will be fun and much more enjoyable.

Four Steps to Entrepreneurship

Becoming an Entrepreneur: Four Steps to Entrepreneurship


As more and more people start or consider starting their own business, it is important that they understand the core steps that are required to launch successful ventures. These steps include spotting, assessing, selecting and executing upon opportunities.


Spotting Opportunities:
The first step to entrepreneurship is identifying opportunities. The entrepreneur must be able to spot an unmet need. Oftentimes this need is seen through an inefficiency in the market - something that doesn't work quite the way the entrepreneur would like it to. As a result, the entrepreneur figures out a potential solution and the opportunity is born.

Assessing Opportunities:
Many entrepreneurs keep a journal that details the myriad of opportunities they come across each day. While it takes a creative skill set to identify opportunities, it takes an analytical skill set to assess them. Each opportunity should be assessed to, among others, determine its likelihood of success and the financial and human resources required to execute upon it.

Why Become an Entrepreneur?

Why Become an Entrepreneur?

What leads a person to strike out on his own and start a business? Perhaps a person has been laid off once or more. Sometimes a person is frustrated with his or her current job and doesn't see any better career prospects on the horizon. Sometimes a person realizes that his or her job is in jeopardy. A firm may be contemplating cutbacks that could end a job or limit career or salary prospects. Perhaps a person already has been passed over for promotion. Perhaps a person sees no opportunities in existing businesses for someone with his or her interests and skills.

Some people are actually repulsed by the idea of working for someone else. They object to a system where reward is often based on seniority rather than accomplishment, or where they have to conform to a corporate culture.

One Industry Solves its Healthcare Crisis--Will Yours?

By: Carol Tice
 
With national healthcare reform  a done deal, it's interesting to see how some industries are moving to solve the problem now instead of waiting until 2014. Last week, the restaurant industry made its bold move--the National Restaurant Association announced a partnership with United Health Group that will allow independent, small-restaurant owners to offer their workers affordable health insurance.

Obviously, we'll have to wait and see if restaurant owners bite on this offer. But 13 million people in the industry currently have no coverage, and the Restaurant Health Care Alliance, as the initiative has been dubbed, could ensure as many as six million of them, Nation's Restaurant News reports. It could be a game-changer for the whole restaurant industry, vaulting it out of the ranks of industries with the lowest rates of insured workers offering this benefit.
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